What can a middle-class home buyer afford across Canada?
According to the latest data from the Canadian Real Estate Association, the average residential home will now set prospective home buyers back $525,000, though affordability challenges are much more acute in the nation’s priciest markets.
A shocking number of Canadians worry that they’ll never be debt free
Nearly all Canadians believe the average household is in too much debt, and it looks like everyone is right. The results of the Manulife Bank Debt Survey shows that 40% of indebted Canadians do not expect to escape their debt in their lifetimes.
Millennials don’t understand the true cost of buying a home
Canadian millennials may be confident in the housing market, and even in their ability to afford a mortgage, but there’s a good chance many of them don’t understand the cost of buying a home.
These 5 tips could save you hundreds of dollars a month
There’s no denying it, home prices are high in the Greater Toronto Area. It can make saving for a down payment pretty daunting, which is why we’re sharing a few money saving tips with you.
Is your credit score high enough to get approved for a mortgage in the GTA?
Whether or not you get approved for a mortgage in the GTA has a lot to do with your credit score, among other factors such as your employment status and debt levels.
How to keep your home renovation on budget
Staying on budget is a challenge when there are so many factors at play, so we’re sharing a few key tips to remember for when you’re budgeting your next home renovation!
See what people in Toronto sacrifice to buy a home
With would-be buyers finally adjusting to the stress test and interest rates looking like their taking a breather, 2019 may be a strong year for home sales in Toronto and other major markets in Canada.
Only 18% of young Canadians putting off buying a home due to current debt load
Recently, Angus Reid Institute, in partnership with the Globe and Mail, released the results of a new public opinion poll about Canadian debt.
3 ways to improve the mortgage stress test
At the end of 2018, I wrote about the idea of reducing or repealing the mortgage stress test. Now I want to suggest some possible amendments that would make the stress test more fair now that interest rates are rising and home prices are still high.
